DiamondRock Hospitality Company (DRH)
DiamondRock Hospitality Company Tangible Common Equity Ratio: 56.62%
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DRH Tangible Common Equity Ratio Rankings
| Overall | 30th percentile | 3068 of 4385 |
| Sector | 11th percentile | 775 of 871 in Financial |
| Industry | 14th percentile | 12 of 14 in REIT - Hotel & Motel |
DRH Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 47.28% | Sep 2008 |
| Maximum | 60.29% | Mar 2011 |
| Average | 53.12% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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DRH News
May 04, 4:35PM Street Insider
Apr 30, 6:20PM Seeking Alpha
about 29 days ago by earningscast
Apr 30, 8:00AM PR Newswire
Apr 18, 8:16AM PR Newswire
Mar 12, 10:00AM PR Newswire
Feb 29, 5:10PM Seeking Alpha
about 90 days ago by earningscast
Jan 30, 10:21AM PR Newswire
Jan 18, 5:31PM PR Newswire
about 142 days ago by harmongreg
about 185 days ago by Global_Macro
about 365 days ago by harmongreg
about 413 days ago by jwtradetrends
about 469 days ago by abtrader
about 498 days ago by harmongreg
about 516 days ago by volpivots
about 526 days ago by SevereVertigo
about 527 days ago by harmongreg
about 541 days ago by harmongreg
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| DRH | 9.85 | -0.01 | -0.10% | 1.661B |
| DK | 16.91 | +0.47 | +2.86% | 983.49M |
| DJCO | 85.00 | +0.00 | +0.00% | 117.30M |
| DITC | 0.8102 | -0.08 | -8.96% | 21.67M |
| DIT | 59.00 | +0.00 | +0.00% | 37.17M |
| DISH | 28.24 | -0.27 | -0.95% | 12.63B |
| DISCK | 47.03 | +0.65 | +1.40% | 5.482B |
| DISCB | 49.68 | +0.00 | +0.00% | 13.60B |
| DISCA | 50.56 | +0.24 | +0.48% | 13.07B |
| DIS | 44.50 | +0.06 | +0.14% | 79.76B |
